Title
Approval of a Resolution to accept the Project Year (PY) 2014 HOME Investment Partnership Program (HOME) Grant in the amount of $93,871 and approval of Budget Amendment 22115000-03-24-14 in the amount of $93,871.
Administration
Body
Item Summary:
Through its participation in the Georgia Urban County Consortium (GUCC), the City has received its PY2014 HOME grant award in the amount of $93,871. Programming of the funds will occur through an application process and will be approved by Mayor and Council at a later date.
Committee or Staff Recommendation:
On March 11, 2014 the Administration, Finance, Recreation and Parks Committee recommended placing this Item on the March 24, 2014 Mayor and Council Agenda.
Financial Impact:
Upon approval of Budget Amendment 22115000-03-24-14, $93,871 will be available in Org 22115000 and Project 18004. This resolution also authorizes a City match of $19,947.25 (25%) which is anticipated to be provided through in-kind volunteer hours. If necessary, funding for the City match is available in the City's Grant Match Contingency, which has a balance of $275,351.77.
Presented by:
Michael Fischer, Deputy City Administrator